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Retained Vs Contingent Search - Pros and Cons


Today, let's unravel a hot topicโ€”Retained vs. Contingent Search. Each comes with its own set of merits and pitfalls, but let's dig into when one might outweigh the other.


๐Ÿ‘ ๐—ฅ๐—ฒ๐˜๐—ฎ๐—ถ๐—ป๐—ฒ๐—ฑ ๐—ฆ๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฃ๐—ฟ๐—ผ๐˜€:


1๏ธโƒฃ ๐˜—๐˜ณ๐˜ช๐˜ฐ๐˜ณ๐˜ช๐˜ต๐˜บ ๐˜š๐˜ฆ๐˜ณ๐˜ท๐˜ช๐˜ค๐˜ฆ: Your roles are front and center. This isn't a game of musical chairs; it's a VIP experience.


2๏ธโƒฃ ๐˜‹๐˜ฆ๐˜ฆ๐˜ฑ ๐˜‹๐˜ช๐˜ท๐˜ฆ: Retained Search allows for a more in-depth understanding of your organizational needs, resulting in better placements.


3๏ธโƒฃ ๐˜Œ๐˜น๐˜ค๐˜ญ๐˜ถ๐˜ด๐˜ช๐˜ท๐˜ช๐˜ต๐˜บ: This is a boutique service. Your consultant is committed to finding your perfect fit.


๐Ÿ‘Ž ๐—ฅ๐—ฒ๐˜๐—ฎ๐—ถ๐—ป๐—ฒ๐—ฑ ๐—ฆ๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—–๐—ผ๐—ป๐˜€:


1๏ธโƒฃ ๐˜Š๐˜ฐ๐˜ด๐˜ต: Usually more expensive upfront, but remember, quality isn't cheap.


2๏ธโƒฃ ๐˜Š๐˜ฐ๐˜ฎ๐˜ฎ๐˜ช๐˜ต๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต: You're tied to one firm, but when it's a good match, that's a pro, not a con!


๐Ÿ‘ ๐—–๐—ผ๐—ป๐˜๐—ถ๐—ป๐—ด๐—ฒ๐—ป๐˜ ๐—ฆ๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฃ๐—ฟ๐—ผ๐˜€:


1๏ธโƒฃ ๐˜•๐˜ฐ ๐˜ž๐˜ช๐˜ฏ, ๐˜•๐˜ฐ ๐˜๐˜ฆ๐˜ฆ: Tempting, right? No upfront payment required.


2๏ธโƒฃ ๐˜š๐˜ฑ๐˜ฆ๐˜ฆ๐˜ฅ: These firms often work quickly, but remember, they're racing against their other clients, too.


๐Ÿ‘Ž ๐—–๐—ผ๐—ป๐˜๐—ถ๐—ป๐—ด๐—ฒ๐—ป๐˜ ๐—ฆ๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—–๐—ผ๐—ป๐˜€:


1๏ธโƒฃ ๐˜š๐˜ฑ๐˜ญ๐˜ช๐˜ต ๐˜๐˜ฐ๐˜ค๐˜ถ๐˜ด: Your role might not get the attention it needs.


2๏ธโƒฃ ๐˜˜๐˜ถ๐˜ข๐˜ญ๐˜ช๐˜ต๐˜บ ๐˜ท๐˜ด. ๐˜š๐˜ฑ๐˜ฆ๐˜ฆ๐˜ฅ: It's a race, and not always to the top.


3๏ธโƒฃ ๐˜Š๐˜ญ๐˜ช๐˜ฆ๐˜ฏ๐˜ต ๐˜Š๐˜ฐ๐˜ฎ๐˜ฑ๐˜ฆ๐˜ต๐˜ช๐˜ต๐˜ช๐˜ฐ๐˜ฏ: Contingent recruiters usually specialize in specific verticals. This creates competition among CLIENTS for top candidates, and the recruiter will go where the deal is sweetest.


4๏ธโƒฃ ๐˜๐˜ช๐˜ฏ๐˜ข๐˜ฏ๐˜ค๐˜ช๐˜ข๐˜ญ ๐˜š๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ: Fees are typically a percentage of the new hire's salary. This might incentivize recruiters to push candidates to the top end of your budget.


The takeaway? For skilled and leadership roles, Retained is a safer bet. For roles that need immediate filling, Contingent is generally faster.


So, what's your preference? Team Retained or Team Contingent?

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